The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-04-30
Two Prosperous cities.


Nearly three pages Of Bradstreet's last
week were given up to reports from repre-
sentative cities regarding the origin and
development Of the real estate movement
which has been so conspicuous at the south
and west. Investors, merchants and others
interested will find the reports more compre-
hensiye along the lines Of inquiry pursued.
=, Most prominent among these representa-
t,ye uN, citles are Chattanooga, Tennessee, and
wichita, Kansas. In the former cikv fhe
real estate transfers for 1886 aggregated
S3,5OO,OOO. The leading causes were the nm
exampled growth Of the city, its Population
increasing 100 per cent. between 1879 and
1883, and again doubling between 1883 and
.ooJ, Inc ~ e present population Is 5000,
here in manufacturing increased from 81
VOO,OO0 In 1880 to 81, 600, ,0C0 In 1886 The adj
vance In property has been fully 100 nor
cent; since January l, 1887. The activity
mas 9een accompanied by largely increased
building operations. In 1886 81 200 600 was
invested In new buildings In Chattanooga.
Today over 81, 100000 Is under contract, and
IL IS believed the total investment this wear
viii reach S4,0c9Co0 Besides this. three
new railroads TO the city are TO- be built, ia
addltlon 70 seven blast furnaces and l,2c0
COKE ovens: Fully $1,C00,000 Is TO be invest
ed IN other manufacturing enterprises
Enough new industries are projected now 10
give Chattanooga population Of $1,000
within year. The supply Of houses is
totally inadequate to fill the Requirements.
Fully $500 more are immediately necessary
and VIII be built. All property within Ter,
miles OF Chattanooga has felt the effects Of
the activity here, Ind the present demand
Tor property Is very strong.
The movement In real estate begun In Wich-
80 a rich AGRICULTURAL secIiOu' 1no.d 1no nAss
yastors 10 arrive were Well IeMunei ~ ,s the
creased number OF railroads enteftng wfcfif-
ia and by the settlement Of the country west
and southwest of the city by immigration.
This activity has extended throughout the
city and suburbs, and has been accompanied
by increased building of business houses and
residences, mostly costly structures. Still
there is a great scarcity of both business
houses and residences Of all grades. though
buildings are being erected on every hand.
There Is not house-rsom enough for the
populaee, and some families are living In
tents, awaiting the completion of houses. 1t
is believe that the outlook favors an In
creased interest and that some real estate
will double itself In the next year. Outside
capital is coming in by thousands. Nearly
2,C00 building permits have been issued from
January 1st TO April /, 1887. and architects
saw that 9 3OCo houses will be erected during
this year. In 1880 the population was under
Ts0 and il Is now estimated at over 3O,cco.
The city has or will have eight colleges
largely endowed. Its future as a great dis
tributing centre is very bright swift as
the advance in population and real estate
values has been, the railroads centering here,
the wealth accumulated here and still pour.
ing in, and the fertile country all around
0ive its citizens the greatest confidence.